StockNews.com Initiates Coverage on Codorus Valley Bancorp (NASDAQ:CVLY)

Investment analysts at StockNews.com began coverage on shares of Codorus Valley Bancorp (NASDAQ:CVLY) in a report released on Saturday. The firm set a “hold” rating on the financial services provider’s stock.

Codorus Valley Bancorp Stock Performance

Shares of Codorus Valley Bancorp stock opened at $21.37 on Friday. The firm has a fifty day moving average of $22.54 and a two-hundred day moving average of $22.06. The stock has a market capitalization of $206.01 million, a price-to-earnings ratio of 8.22 and a beta of 0.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.89 and a current ratio of 0.89. Codorus Valley Bancorp has a 52 week low of $16.00 and a 52 week high of $25.88.

Codorus Valley Bancorp (NASDAQ:CVLY) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter. The company had revenue of $23.41 million during the quarter. Codorus Valley Bancorp had a return on equity of 13.65% and a net margin of 19.25%. As a group, equities research analysts predict that Codorus Valley Bancorp will post 1.75 EPS for the current year.

Institutional Investors Weigh In On Codorus Valley Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Codorus Valley Bancorp by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 522,027 shares of the financial services provider’s stock worth $13,416,000 after purchasing an additional 6,524 shares during the period. BlackRock Inc. boosted its position in shares of Codorus Valley Bancorp by 680.8% during the second quarter. BlackRock Inc. now owns 479,990 shares of the financial services provider’s stock worth $9,413,000 after buying an additional 418,513 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Codorus Valley Bancorp by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 393,654 shares of the financial services provider’s stock worth $8,168,000 after buying an additional 4,690 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Codorus Valley Bancorp by 1.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 294,780 shares of the financial services provider’s stock valued at $5,495,000 after buying an additional 2,959 shares during the last quarter. 52.05% of the stock is currently owned by institutional investors and hedge funds.

About Codorus Valley Bancorp

Codorus Valley Bancorp, Inc operates as the bank holding company for the PeoplesBank that provides community banking services in South Central Pennsylvania and Central Maryland. The company accepts demand, money market, time, and savings deposits, as well as certificates of deposit and checking account.